NI farm business improvement scheme deadline extended

The window for farmers in Northern Ireland to apply for funding worth up to £250,000 has been extended.

The Department of Agriculture, Environment and Rural Affairs (Daera) has announced that the application deadline for tier two of the Farm Business Improvement Scheme has been pushed back from 1 April to 4pm on Friday 20 May.

The grants are designed for construction projects or to buy higher-value equipment, to support larger-scale investments in agriculture and horticulture.

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The scheme offers 40% of eligible costs for on-farm investments costing more than £30,000, and the maximum grant available is £250,000.

There are a large number of applications being progressed, according to Daera, which has recognised that the projects will take significant time and commitment to complete due to their scale, especially in the current market conditions.

The extension will allow farmers extra time to finalise all aspects of the application, as well as engage with their banks or lending institutions and work towards obtaining the necessary supporting information or permissions.

Find more information on the scheme on the Daera website.